Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: August 7, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals (Comp. App. (AT) (Ins) No. 1724 of 2025 and Comp. App. (AT) (Ins) No. 1725 of 2025) filed by Steel Authority of India Ltd. (SAIL) as the Appellant. The Respondents are Uday Naryan Mitra (in his capacity as the Resolution Professional of ARSS Infrastructure Pvt Ltd.) and another respondent. The appeals appear to concern corporate insolvency resolution proceedings involving ARSS Infrastructure Pvt Ltd., with SAIL likely being a financial creditor or operational creditor in the matter. The specific nature of the dispute or allegations is not detailed in this procedural order.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Mr. Arun Baroka (Member Technical), adjourned the matter due to time constraints. The appeals have been listed for the next hearing on September 11, 2026. No substantive rulings, observations, or directions were issued in this order.
Topics: NCLAT, Insolvency, Adjournment